Banks in cash challenge

The Bankers Association of Zambia says banks are struggling to support key sectors of the economy because they do NOT have excess cash.

BAZ President Leonard Mwanza says the interest rate is mis-aligned due to the tightening of liquidity on the market.

Mr. Mwanza says the association is engaging various stakeholders to ensure that the interest rate ratio on the market is normalized.

He was speaking on Wednesday when he featured on ZNBC’s news and current affairs segment of the morning live programme.

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